Page 220 - MOE ENGLISH PR - MAY 2024

5/31/24, 2:37 PM Etihad Credit Insurance launches ‘Xport Xponential’ initiative to boost national exports in foreign markets - Middle East News 247
His Excellency Abdulla Bin Touq Al Marri, Minister of Economy and Chairman of the Board of
Directors of Etihad Credit Insurance, said: “The launch of the ‘Xport Xponential’ initiative is a significant

step towards boosting the growth of UAE exports and strengthening their competitiveness in international
markets. This initiative introduces an innovative trade and insurance platform, creating new opportunities for
UAE-based exporters to increase their exports. It aims to support the targets of the ‘We the UAE 2031’ vision

by reaching AED 800 billion in non-oil UAE exports by the next decade, thereby enhancing the growth and
sustainability of the UAE economy.”

Bin Touq added: “Thanks to our wise leadership, the UAE continues its efforts to build a more diverse,
sustainable, and resilient economic system. This initiative complements national endeavors, particularly
focusing on enhancing the role of non-oil industries, exports, re-exports, and non-oil foreign trade in the

country’s GDP. These sectors are vital for the transition towards the new economic model based on diversity
and innovation.”

Bin Touq asserted: “Through this initiative, we aim to motivate the country’s exporters to explore growth
opportunities in vital sectors and improve the access of non-oil UAE products to global markets. This

initiative extends beyond credit and risk management solutions, offering manufacturers and exporters in the
UAE consulting and strategic insights to strengthen their export capacities.”

The ‘Xport Xponential’ initiative supports UAE-based businesses engaged in the export or re-export of non-

oil products, with a special focus on small and medium-sized enterprises (SMEs). Through this initiative,
Etihad Credit Insurance aims to provide beneficiaries with access to innovative financial solutions through
partnerships with the financial and banking sectors. Additionally, the initiative offers access to a vast

database of over 300 million companies worldwide and provides significant facilities to enter the markets of
countries that are part of the Comprehensive Economic Partnership Agreements (CEPA).

https://menews247.com/etihad-credit-insurance-launches-xport-xponential-initiative-to-boost-national-exports-in-foreign-markets/ 2/3